Mortgage lenders are granted a short-term, revolving credit line to close mortgage loans that are then sold to the secondary mortgage market. The housing market crash from 2007 to 2008...
The Meridian Flex Line Mortgage is a combined mortgage and home equity line of credit. As you pay down the principal, you access more of your home's value!
A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from t...
Advertiser disclosure The Property Line: Mortgage Forbearance Ending? Here Are Your Options When your mortgage forbearance ends, options will include extension, repayment or deferment, and...
or line of credit. The entire loan balance becomes due when the borrower dies, moves away permanently, or sells the home.2 Within each type of mortgage, borrowers have the option to buy...
The Homeowner Readiline® is a lending option that combines both a mortgage and a line of credit in one. See how it offers flexible home financing and more.
A buydown is a mortgage financing technique with which the... the mortgage or possibly its entire life. 1 A 2-1 buydown, for example, is a specific type of mortgage buydown that allows...
Loan terms ; Cash-out refinance pays off your existing first mortgage. This results in a new mortgage loan which may have different terms than your original loan (meaning you may have a different type of loan and/or a different interest rate as well as a longer or shorter time period for paying off your loan). It will result in a new payment amortization schedule, which shows the monthly payments you need to make in order to pay off the mortgage principal and interest by the end of the loan term...
Home equity lines of credit second loans used to borrow against equity, while mortgages are primary loans used to buy property.
If you need to meet warehouse line quality control audit requirements, MetaSource Mortgage is the partner for you. Learn how we assist our warehouse lender clients.